Vice President Joseph N. Boakai
Cabinet Endorses Liberia-US Trade, Investment Forum
MONROVIA, September 10 (LINA) -The Liberian Cabinet has unanimously endorsed the Liberia - US Trade and Investment Forum aimed at enhancing Liberia’s position in the global economy.
According to an Executive Mansion release issued here Wednesday, the Cabinet gave its approval to a Liberia-driven Investment Trade Forum scheduled for September 16, 2015 in the United States of America.
The Forum aims to buttress government’s Economic Stabilization and Recovery Plan by attracting industrial investors in agriculture, agro-processing and other sectors.
It will also woo investors’ interest in rubber manufacturing, cocoa, fisheries, aquaculture, infrastructure, energy, gold, diamond, rice and cassava.
The Investment Forum comes on the heels of a 2014 Memorandum of Understanding signed between the National Investment Commission (NIC) and Developing Markets Associates (DMA).
It can be recalled that DMA in 2010 and 2011 co-hosted two separate investment events for the NIC in the United Kingdom (UK).
Direct tangible outcomes from the U.K. events included the establishment of Concession Agreements with Golden Veroleum-Liberia and Hummingbird Resources.
Liberia will be represented by the NIC, Central Bank of Liberia, Ministries of Finance and Development Planning; Lands, Mines and Energy; Public Works; Agriculture; and Commerce and Industry.
The African Governance Initiative will serve as Secretariat.
The Forum will bring together some 200 companies from around the world, including 30 U.S-owned companies, the World Bank, UNDP and a host of
international development partners.
Vice President Joseph N. Boakai will represent President Sirleaf at the Forum.